Dear Partner
I write to advise you that at its January meeting, the Board of the Hampshire & the Isle of Wight Sustainable Business Partnership Community Interest Company, (SBP CIC) has reluctantly decided to cease trading with immediate effect. This decision has been taken by the company as a result of the growing financial challenges it has been facing. Our expectation is that we will be able to achieve a solvent winding up of the company’s affairs.
The SBP CIC was formed with the intention of taking the SBP project out of the public sector and to build its future as a commercially viable community interest company. Unfortunately, current financial conditions have forced the Board to conclude that at the present time this objective cannot viably be achieved.
We are however initially in discussion with Hampshire County Council to investigate the potential for taking the SBP project forward in the future by some alternative route.
If you should have any questions or concerns, please do not hesitate to contact me at alan_stevens@talk21.com.
Yours sincerely
Alan Stevens, Chairman,
Hampshire & Isle of Wight Sustainable Business Partnership CIC
Registered address: Economic Development Office, Hampshire County Council The Castle, Winchester, SO23 8UJ